People's Bank of Commerce

Financial ServicesOregon, United States51-200 Employees

People's Bank of Commerce is a locally owned financial institution based in Medford, Oregon, founded in 1998 to serve as a community and business bank. It has expanded beyond its original footprint across southern Oregon, with branches in Ashland, Central Point, Grants Pass, Jacksonville, Klamath Falls, and Eugene, and a 2021 merger that extended its reach into the Willamette Valley with Lebanon, Albany, and Salem. Alongside traditional banking, the bank owns Steelhead Finance, an accounts receivable factoring company in Medford that supports transportation industry cash flow and back-office services for carriers and freight brokers nationwide. 

It operates in the financial services industry with a focus on conservative fundamentals and serving local customers, aiming to be well capitalized and reliable through economic cycles. It serves individual customers and small to mid-sized businesses through a community-oriented approach and accessible, responsive service, and it is a member of the FDIC and an Equal Housing Lender. In early 2026, the bank named Nikki Hoffman as Executive Vice President and Chief Operating Officer.

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